Rick MacKay Elected President - The Institute of Chartered ...

Rick MacKay was elected President and
Chair of the Council of the Institute of
Chartered Accountants of Manitoba
for 2012-13 at the Council meeting held
immediately after the Institute’s Annual
General Meeting on June 14th .
“It is an honour to serve as president
and I look forward to working with
Council and the Institute staff over the
coming year. I am looking forward to the
opportunity to dialogue with members
and in that regard, I hope you will contact
me at any time if you have questions,
comments or advice.
“The next year promises to be very interesting
as discussions continue across
Canada with respect to the possible
unification of various accounting bodies.
It is
Issue Number 177 June / July 2012
Rick MacKay Elected President
important for our Manitoba members to
stay aware of these discussions. Another
priority for the Council over the
upcoming year will be to continue to
focus on attracting exceptional people
to the profession,” MacKay said.
Rick is currently a partner in the Winnipeg
office of Deloitte & Touche LLP and
has extensive experience in the conduct
of financial audits and providing business
advisory services to several major
Canadian corporations. He also has significant
experience in providing a wide
range of business advisory services
and other assistance to many ownermanaged
businesses and not-for-profit
organizations.
A career as a CA was not initially on
Rick’s radar. He graduated
with a BA degree from the
University of Manitoba with
a political studies major with
the intention of pursuing a
career in law.
While dropping
off an assignment
at the University
during the last
year of his BA
degree, he saw
a sign posted
Incoming President Rick MacKay (left) thanks outgoing President James Doer (right) at the Institute’s AGM, held June 14.
saying that Touche Ross (one of the
predecessor firms to Deloitte & Touche)
was looking for new employees and
would be conducting interviews that
afternoon.
“I had no idea who Touche Ross was or
what the position would be but I went
back to my apartment, changed into my
best blue jeans and t-shirt and went to
the interview,” he said.
Quickly realizing he was slightly underdressed
when he saw all of the other
candidates for the position sporting
business suits and ties, Rick decided to
stay and go ahead with the interview,
hoping that he wouldn’t be thrown out
for wasting the interviewer’s time.
“I told the Touche Ross Partner who was
conducting the interview that I wasn’t
there for the job but only wanted to find
out what a CA was and to learn about
Touche Ross,” he said.
Luckily for Rick, the Partner was willing
to have a discussion and after a series
of additional interviews, a job offer was
extended and Rick joined Touche Ross
in 1977. He then began the process of
completing all of the required courses
through night and summer school. He
received his CA in 1981 and became a
continued on page 2
03 01

Rick MacKay President of ICAM for 2012-2013 cont’d
continued from page 1
Partner in Touche Ross in 1987. Rick was elected an FCA in
2008.
First elected to Council in 2007, Rick served as Secretary-Treasurer
from 2009 to 2010. In 2010-11 he was appointed Second
Vice-President and he served as First Vice-President this past
year.
National Update
Progress continues on uniting the Canadian accounting profession under the new Canadian Chartered Professional Accountant
(CPA) designation. Visit CPACanada.ca for more information.
Alberta CMA and CGA boards release unification proposal
In support of the Unification Framework and new CPA Certification
Program, the Alberta CMA and CGA boards issued a
provincial unification proposal, based on common principles.
ICABC vote shows positive results
The Institute of Chartered Accountants of BC (ICABC) released
the preliminary results of its members’ vote held in May.
Results indicate that of the 4,800 members who voted, 52%
support the unification of the existing accounting Acts into
one Act; 9% believe that elected Council should decide; and
39% do not support unification.
Leaders express solid support for unification
A united profession under the CPA designation is a strategically
sound and practical long-term solution that is in the best
interests of Canadians, according to 26 out of 28 influential
Canadian and international stakeholders surveyed.
Academic paper concludes unification can enhance selfregulation
An academic analysis authored by William Lahey, Associate
Professor, Schulich School of Law, Dalhousie University, concludes
that unification would strengthen and streamline the
profession’s self-regulatory function and enhance its capacity
to fulfill its mandate to protect and advance public interest.
Details of the new Canadian CPA Certification Program
An immediate priority of the unified accounting organization
would be developing the Canadian CPA certification program.
02
He has also served on the Institute’s Corporate Governance
and Nominating Committee, as well as the Institute’s Advisory
Committee on Public Accounting. Rick was Chair of the Audit
Committee in 2008-09 and Chair of the Membership Linkages
Committee in 2010-11.
Rick has been an active member of the Winnipeg volunteer
community, having served as a volunteer with such organizations
as the United Way, the Associates of the I.H. Asper
School of Business, the Heart and Stroke Foundation and
several other community-based organizations.
Rick and his wife Merril were married in 1979. They have three
children – Kyle, Lauren, and Kelli. Rick enjoys curling and golfing
and has also been also an avid runner, having completed 10
half marathons.
Additional details of a potential new Canadian CPA certification
program are now available online at CPACanada.ca.
ICANL announces initial results of its member vote show
support for unification
The Institute of Chartered Accountants of Newfoundland and
Labrador (ICANL) released the initial results of its member
advisory vote held in June. Sixty-one percent (468) of ICANL
members voted, with 62% of those voting in favour of the
ICANL Boards’ merger proposal; 32% voting against and 6%
voting to let the elected Board decide. Another 77% of participants
voted in favour of becoming affiliated with a national
body of CPAs should CPA emerge as the predominant accounting
designation in Canada.
ICAPEI vote show support for unification
The Institute of Chartered Accountants of PEI (ICAPEI) released
the preliminary results of its advisory vote held in June,
with 72% of those who participated voting in support of the
ICAPEI merger proposal. A more detailed break-down of results
was not available at press-time - watch CPACanada.ca for
a more thorough look at the results.
Update on Ontario unification discussions
In May, CMA Ontario and CGA Ontario announced that they
are no longer participating in unification discussions. CA
Ontario has pledged to continue its efforts to support the
adoption of the CPA designation and the unification of the
Canadian accounting profession in accordance with the eight
guiding principles as set out in the Unification Framework.

Council and Officers Elected for 2012-13
At the 126 th Annual General Meeting of the Institute held on June 14, 2012, six members were elected by acclamation to fill seven
of the vacancies on Council for a two year term.
Rick M. MacKay, FCA
President & Chair
Teresa L. Okerlund, CA
First Vice-President
The six members elected by acclamation were Dean Austin,
Gordon Dowhan, Douglas Einarson, Derek Innis, Stuart
McKelvie, and Teresa Okerlund.
According to the Institute’s bylaws, Council has the authority
to appoint an individual to fill the remaining vacancy. The term
of office for the appointed individual is for one year instead
of two and expires at the next Annual General Meeting. At the
Statutory Meeting of Council held immediately after the AGM,
Council appointed Sandra Cohen to fill the remaining vacancy.
2012-13 Officers of Council
Rick M. MacKay, FCA
President & Chair
Teresa L. Okerlund, CA
First Vice-President
David Loewen, FCA
Second Vice-President
Kevin E. Regan, FCA
Secretary-Treasurer
Members-at-Large
Cheryl A. Atchison, CA
K. Dean Austin, CA
Sandra F. Cohen, CA•CIA
Gordon A. Dowhan, CA
Douglas J. Einarson, CA
Derek B. Innis, CA
C. Stuart McKelvie, FCA
Brenna J. Minish-Kichuk, CA
Janet B.A. Morrill, CA
Heather D. Reichert, CA
Scott D. Sissons, CA
David Loewen, FCA
Second Vice-President
Kevin E. Regan, FCA
Secretary-Treasurer
Also at the Statutory Meeting of Council following the AGM,
Council elected the 2012-13 Officers and members of the
Executive Committee. Council is composed of the officers,
members-at-large and two public representatives.
Under the Institute bylaws, one member must work and reside
outside of Winnipeg. Brenna Minish-Kichuk meets this requirement.
The two public representatives are appointed to Council
by the President of the University of Manitoba. This is Anita
Wortzman’s fourth year serving as a public representative and
Elaine Goldie’s third.
Thanks to the following retiring committee Chairs and
Council members who were unavailable for a photo after
the AGM:
Paul Kochan
Chair, Honours and Awards
Travis de Koning
Chair, Members Activities
John Orisko
Chair, Professional Conduct
Left: Foundation Chair Doug Einarson
(right), thanks retiring Board member
Ken Phernambucq at the Foundation’s
AGM, held June 14, 2012.
Tony Gauthier
Chair, Bylaws Advisory
Jeff Cristall
Council
Larry Frostiak
Council
Public Representatives
Elaine Goldie
Anita Wortzman, LLB
Above: Lydia Bulat (right), retiring Chair of the
Discipline Committe is thanked at the Institute’s
AGM by the retiring President of Council, James
Doer (left).
03

High School Scholarships
Awarded for 2012
Students from high schools across the province applied and six individuals were selected to each receive a $1,000 scholarship.
Each recipient displayed high scholastic achievement together with outstanding accomplishments in work, school and community
activities. In addition, they are all continuing their post-secondary education in Manitoba and have expressed interest in the CA
profession.
CA High School Scholarships
The Institute of Chartered Accountants of Manitoba is pleased
to announce that Brady Bouchard, Andrew Chudley, Mitchell
Etkin, and Taylor Mitchell are the recipients of the 2012 High
School Scholarships and wishes them every success in their
future endeavours.
04
Brady Bouchard
Glenboro School
Mitchell Etkin
St. John’s Ravenscourt
School
Andrew Chudley
Collège Pierre Elliott
Trudeau
Taylor Mitchell
J.H. Bruns Collegiate
Allan M. Moore Scholarships
The Manitoba Chartered Accountants Foundation Inc. congratulates
Kimberly Cassels and Adam Owczar, recipients of
the 2012 Allan. M. Moore, FCA, Scholarships and wishes them
every success in their future endeavours.
Kimberly Cassels
Glenboro School
Adam Owczar
Collège Sturgeon Heights
Collegiate
Al Moore was President of the Institute in 1974-75 and served
on the Board of the Foundation in the early 1990s. He received
the Lifetime Achievement Award from the Institute in 2004.
Upon his passing, Al left a $50,000 bequest to the Foundation
and a fund was established in his name with the income
used to provide scholarships to high school students attending
university and interested in a career as a CA.
CAs represented in Manitoba Marathon
Congratulations to all of the Manitoba CAs who participated in
the Manitoba Marathon, held June 17, 2012.
Special kudos to member Brian Walker, who came in second
in the men’s full marathon with his time of 2:33.18. Brian, his
wife Darolyn, and his twin brother Jeremy were all featured on
the cover of the June 18th edition of the Winnipeg Free Press
(“Walkers run well”).
Darolyn placed second in the women’s half marathon and Jeremy
took second in the men’s half marathon. All three Walkers
are former U of M Bisons track team members (2000-2005).

Manitoba CAs receive Diamond
Jubilee Medal
The Queen’s Diamond Jubilee Medal was created by the
Governor General of Canada to celebrate Queen Elizabeth
II’s accession to the Throne 60 years ago.
In seeking nominations for these medals, the Governor
General’s office partnered with a variety of governmental
and non-governmental organizations. The CICA was given
the opportunity to nominate 38 persons for the medal. The
Board of Directors created a working group, and all of the
PICAs/Ordre were invited to submit nominations.
Two of the CAs nominated by the Manitoba Institute were
selected to receive the Diamond Jubilee medal: Gabriel
Forest and William Gray.
Gabe was awarded this medal in recognition of his
passionate support of the Manitoba Francophone
community that has contributed so much to its vibrancy
and success and in recognition of his extensive volunteerism
to the accounting profession and community at large.
Bill was awarded this medal in recognition of his inspiration
to the accountancy profession throughout his extraordinarily
long, full life – as a member of the Royal Canadian Navy, a
trusted business advisor, an educator, a volunteer at home and
abroad and an avid sportsman.
Manitoba Chartered Accountants Accounting
Student Scholarship
Two Faculty of Business and Economics
students at the University of Winnipeg
were each awarded a $2,500 Manitoba
Chartered Accountants Accounting
Student Scholarship. This year’s
recipients were Irfan Khambatta and
Mohamed Mahamud.
Funding for the scholarship is provided
by the Foundation which made a
commitment to give $300,000 over 10
years to the Faculty of Business and
Economics at the U of W to provide
for student scholarships, bursaries and
support to the accounting faculty.
Bill Gray, FCA (left) and Gabe Forest, FCA (right) are presented with their Diamond Jubilee medals
by James Doer, CA, at the Institute’s Annual General Meeting.
Two other Manitoba CAs – William (Bill) Loewen and Donald
Penny – were also recipients of the Diamond Jubilee medal, by
virtue of their already being members of the Order of Canada.
They were presented their medals separately by the Governor
General.
All of these individuals will be recognized again, more
formally, at the Member Recognition Dinner held in November.
Congratulations!
(l-r): Scholarship recipients Irfan Khambatta, Mohamed Mahamud, Foundation Board member Susan Hagemeister, and
U of W President & Vice-Chancellor Lloyd Axworthy.
05 03

Employers, Students Thrive as Top CA Students
Drawn to Non-External Audit Training Environments
As more organizations in industry, as well as in government offices, qualify as accredited
CA Training Offices with the ability to offer significant training opportunities
in diverse fields, they have benefitted immensely by attracting top quality students.
This includes talented individuals whose academic achievements have placed them
on the UFE Honour Roll.
Each year, the UFE Honour Roll celebrates the top 50 students across Canada who
have achieved the best standing out of nearly 4,000 writers. Some of these talented
Honour Roll students are employed by training offices outside of external audit. As
indicated by the testimonies below, students believe they are on the right career path
– and that they have been propelled in that direction, which speaks volumes for the
success of the program.
Kelly Schmitt, the Treasurer and Director
of Investor Relations for SMART Technologies
Inc., a Calgary-based maker of
interactive displays, provides an excellent
illustration of how accomplished
candidates are attracted outside of
external audit in the CA Training Office
program.
The 2011 UFE Honour Roll student is
in the process of completing the final
stages of her training in a finance rotation
competency.
“I’ve done all of my training here at
SMART. I joined the company more
than four years ago, even before I knew
I would be working towards the CA
designation. I’d already been out of
school for quite some time, and had also
earned my CFA designation. Shortly
after I joined SMART I heard that you
could now do your CA training in industry.
Once I learned that, I initiated the
application process here to get SMART
qualified to be a CA training office,
which we succeeded in doing in 2009,”
she explains.
As Treasurer, Schmitt says she has
been able to participate in a number
of different projects to satisfy the CA
Training Office program requirements,
including being put in charge of researching
whether strategic changes in
the business warranted a change in the
organization’s functional currency from
06
the Canadian to the U.S. dollar; and participating
in a lengthy project aimed to
take SMART Technologies public.
“I was very fortunate. SMART being a
CA training office allowed me to stay in
my current career and get the designation.
The reason I did the CA designation
is because I truly believed it would
open up more doors. While the CFA
would have sufficed in my current role,
if I want to move up and become a
CFO, the CA designation is really valued
throughout the business world,” says
Schmitt.
“I worked at a Big Four accounting firm
in the summer after my third year of
university in the late ‘90s. Although I
had always thought really highly of and
wanted the CA designation, audit just
wasn’t interesting to me. I couldn’t see
myself taking that career path,” explains
Schmitt.
“But as soon as I heard they had opened
up new training paths, I thought ‘that’s
great,’ because the reality is that all
CAs can’t stay at CA firms. They end up
coming out working in businesses, and
it’s a different type of work.”
Michael Murney, a consultant with
Deloitte & Touche in Toronto, and 2011
UFE Honour Roll student, is in the midst
of obtaining the practical experience
required to qualify as a CA. The uni-
versity graduate, who has a business
administration degree and also studied
computer science, expects to earn his
CA designation in 2013.
Murney is completing his training without
requiring a rotation through Deloitte’s
external audit practice.
“I’m with the Information and Technology
Risk Services group, which is part
of Deloitte’s Enterprise Risk Services
practice. I chose this group because it
allows me to combine my knowledge
in information technology with my accounting
and business acumen to work
on challenging projects. At the same
time this gives me the opportunity to
earn my CA through an assurance competency,”
he explains.
“I’m doing some interesting things
right now in software asset management,
helping clients manage licenses
throughout their network based on
what they’re entitled to under the terms
of their purchase agreement from somebody
like a Microsoft, or IBM,” notes
Murney.
Murney enjoys having the opportunity
to work with client firms’ most senior
financial people and assist with tasks
such as providing assurance services to
certify that proper controls over financial
reporting, compliant with regulations,
are in place.
Another aspect of Murney’s training that
he finds particularly fulfilling is being
able to provide value added services
such as recommendations to business
clients that will assist them not only in
terms of dealing with an accounting issue,
but also to make business decisions
that will help them prosper.
Daphne Huang, who earned her CA designation
in 2011 after placing on the
continued on page 7

Training outside of external audit cont’d
continued from page 6
2010 UFE Honour Roll, also prospered
through the CA Training Office program,
which allowed her to pursue training in
the field of taxation – a subject that had
interested her from a very young age.
Huang began a 30-month training program
on the tax path with the Vancouver
office of PricewaterhouseCoopers
LLP (PwC) in May 2008, after receiving
encouragement from her university tax
professor, who told her about the new
training options available.
The CA Training Office program provided
both interesting memories in
addition to the valuable experience
necessary for Huang to pursue her goal
of attaining a CA and ultimately specializing
in the tax field. “One experience
that stands out the most is my four
month secondment to the tax group in
the San José office. I learned a lot about
U.S. tax and about what it’s like to work
in the States,” she says.
Huang enjoyed the personal contact
her training provided with Chief Financial
Officers and Controllers of client
companies, including the opportunity
to learn about different corporate tax
strategies. That, too, was very beneficial
in preparing Huang for her current role
as a fully fledged CA in PwC’s international
tax group.
The work has led to a number of interesting
assignments and international
contacts, Huang stresses, citing a current
project she is working on involving
Hungarian tax.
“The thing I really like about international
tax is that every client is in a
different country. One day I’ll think I’ve
figured out Hungary’s tax regime. Then
the next thing I’ll be doing is consulting
for a Russian client, having to learn the
tax laws between Canada and Russia,
and reading the treaty between the two
countries. And then the next client will
be in, say, Indonesia.
“So I feel like I’m always learning,” she
stresses.
Eric Chow, who is just completing his
final rotation on an assurance path with
TELUS Corporation’s Toronto office, also
earned a spot on the UFE Honour Roll in
2010, and is a newly minted CA.
Chow praises the CA Training Office
program with providing him the opportunity
to experience complex financial
issues and management decision making
within multiple business units of
TELUS. “The ability to rotate to various
areas of the business and learn and pick
up experience in each of those areas,
has given me the tools I need to become
successful,” he says.
Chow’s first rotation involved analyzing
a number of business cases and reporting
on corporate efficiency programs.
His second examined the areas of revenue
assurance and fraud management;
and the third has dealt with corporate
controllership issues.
“In my current rotation, I’m doing a
variety of management reporting at a
consolidated level for my senior vicepresident
and also the chief financial
officer. There’s a lot of variance analysis
involved, so I’m constantly being challenged,”
says Chow.
Chow has also worked in TELUS’ rev-
enue assurance and fraud management
rotations. “Going through those rotations
has given me the competencies I
need for a successful long-term career
with TELUS,” he stresses.
DID YOU
KNOW ?
There’s still time to register for
the golf tournament! $106 (GST
included) for green fees, power
carts, driving range balls and a
BBQ steak dinner! Tuesday, Aug.28
at Bel Acres – see Coming Events
for full details. Registration forms
available online at icam.mb.ca.
03 07

08
introducing the
CA Training Offi ce Program
Our CA students are dedicated
and eager to learn, performing
above what we would normally
hire at that level.
Janice Madon, CA, SVP and
Chief Auditor – Manulife Financial
a new way to build tomorrow’s leaders
With the new CA Training Offi ce Program, your business can train CA Students. That means you’re able
to hire the best and brightest students and develop potential leaders from the ground up, ensuring
the knowledge of your business and its industry are a natural part of the learning process.
Respected for their knowledge, intelligence, skills and integrity, the perfect CA for your business
is one that knows your business.
Visit CATrainingOffi ce.ca
see how the new application process makes it easy to start investing in your organization’s future

Annual Softball Tournament
Twelve teams took to the field on a picture-perfect day
for ball in this year’s annual softball tournament.
A&F Nemec Recruiting edged out the MNP Rams to win
the A-side final. In the back-and-forth, closely contested
game, A&F was down one run coming home and scored
two in the bottom of the last inning to capture the
championship and bring home the Ernst & Young Trophy.
The Grant Thornton Alumni defeated the Exchange
Income Corporation (EIC) in the B-side final. Thanks to all
participants who came out to enjoy the day.
B-side winners, the Grant Thornton Alumni.
On June 12 & 13, 2012, we were proud to host 428 CAs, CMAs,
CGAs, and other business professionals at the 2012 CA & CMA
Conference at the Winnipeg Convention Centre.
A&F Nemec Recruiting, tournament champions and winners of the Ernst & Young trophy.
CA & CMA Conference a great success
Attendees greatly enjoyed the Winnipeg-focused theme of
keynote speakers Margaret Redmond, Barry Rempel, Jim Ludlow
and Doug Brown.
Margaret Redmond Doug Brown
Jim Ludlow
Barry Rempel
09 03

CRA Proposing Mandatory
E-filing Requirements after 2012
A surprise measure was introduced in the 2012 federal budget legislation (Bill
C-38), a mandatory e-file requirement, which will be effective for 2012 income
returns filed after December 31, 2012. The proposal will impact tax preparers
engaged to prepare more than 10 income tax returns annually.
The proposal contains a new definition of “tax preparer” for this purpose, which
includes a person or partnership that accepts consideration to prepare more than
10 “returns of income” of corporations or more than 10 “returns of income” for
individuals (other than trusts) in a calendar year. An employee who prepares these
returns in performing their employment duties is not considered a tax preparer
for these purposes. These tax preparers must electronically file “any return of
income that they prepare for consideration” under proposed subsection 150.1(2.3),
although up to 10 corporate returns and 10 individual returns may be filed by other
means. Bill C-38 also introduces penalties for non-compliance of $25 for each
individual return and $100 for each corporate return that is not e-filed.
Specific e-file exceptions have been proposed. More information on Bill C-38
is available on the Parliament of Canada’s website at parl.gc.ca. All of these
amendments come into force on January 1, 2013.
If you would like to share your thoughts on this proposal, please contact Gabe
Hayos, FCA, CICA’s Vice-President of Taxation. He can be reached by e-mail at
Gabe.Hayos@cica.ca or on his blog at CAConnect.
CRA to Expand Carryover Information
Displayed in “My Account”
The Canada Revenue Agency (CRA) has carryforward information available
for individual taxpayers who use the My Account service on their website.
Accountants appointed as client representatives can access this information.
Loss carryforward information is presently only available for the last 25 years, with
the starting point for the 25-year slide rule currently starting at 1988. This period
may not be sufficient, such as in respect of the capital gains deductions which
started in 1985, or in respect of adjusted cost base values determined in 1972,
when capital gains taxation became effective.
The CICA has approached the CRA on this issue, and is pleased to report the
following response from the CRA: “Information for Carryover amounts in My
Account currently have a 25-year slide rule applied starting at 1988. Next year, at
the current state, the display will be 1989 and subsequent years. However, due to
the many requests being received from users, a work order has been prepared (in
time for February 2013 systems update) to allow the display back to 1972 when
required.”
For additional information or questions, please contact Gabe.Hayos@cica.ca.
10
Auditor
Selection
To: The Members
Each year the Audit Committee of
The Institute of Chartered Accountants
of Manitoba reviews the selection
process for the Institute’s auditors
and makes a recommendation to
Council for the coming year.
This is in turn ratified by the membership
at the AGM. In addition, the Audit
Committee approves the fee for the
coming year.
Members of the Manitoba Chartered
Accountants Foundation Inc. also
approve the use of the Institute’s
auditors as the Foundation’s auditors
at their AGM.
Booke and Partners has now been approved
as the Institute’s and Foundation’s
auditors for 2012-13.
In considering the appointment of
auditors, the committee evaluates the
current auditors and has found that
they continue to meet expectations.
The committee has discussed the
advantages and disadvantages of
changing auditors and feels that there
has been no compelling reason to
change.
The committee has agreed however
that if expressions of interest were to
be received from other firms, it would
consider a tendering process.
Cheryl A. Atchison, CA
Chair
2011-12 Audit Committee

Launch of newly revised CICA
In-Depth Tax Course - What’s Changed?
Known as the best course for tax professionals in Canada, CICA’s In-Depth Tax
Program is about to get a makeover.
The changes that begin rolling out in September 2012 are
intended to update and improve the quality of the course for
students and enhance accountability and performance assurance
for employers. Rejuvenation of the course follows the
recommendations of the October 2009 report of the Association’s
Tax Education Task Force (TETF).
“While preserving the curriculum’s successful mix of theory
and on-the-job experience, we’re upgrading the course to respond
to changing student needs and the rising complexity of
tax practice,” says Vivian Leung, CA, Program Director for Tax
Education at CICA. “The new course will be more integrated
and comprehensive, using a competency-based approach and
by delivering content at an appropriate pace for optimum
learning using today’s learning technologies.”
What’s new in the course?
The new In-Depth Tax Program will feature an orientation
course dedicated to tax research and communications for all
new students entering into the program. The addition of this
course will ensure the participants’ first exposure into the
Stakeholder consultation
to enhance audit quality
The Canadian Public Accountability Board (CPAB) and the
Canadian Institute of Chartered Accountants (CICA) have
initiated a research and consultation process to enable
those with a stake in audit quality to discuss and determine
Canada’s perspective on the audit issues currently being
deliberated at the world table.
The “Enhancing Audit Quality: Canadian Perspectives”
consultation process will engage broad stakeholder input to
develop Canadian views about solutions and seek to influence
final outcomes with respect to strengthening audit
quality globally.
Check out the opportunities to participate and share your
thoughts by visiting the CICA’s website for information on
the process, including documents and resources online at
cica.ca/enhancingauditquality.
course is more focused and directional and it will also teach
students the tax research framework they will be utilizing
throughout the entire course.
The new group study component will utilize learning technologies
to deliver e-learning self-study modules and facilitate
online discussions. This will be coupled with the traditional,
in-person, facilitator-led discussions for an optimal learning
experience. In-Residence will still feature lectures and tutorial
sessions, however they will be re-developed implementing
pedagogical best practices.
The courses also include self-assessments, knowledge checks,
and feedback reports. A certificate of achievement will also be
granted to students upon successful completion of the course.
To allow adequate time for the more comprehensive curriculum,
the duration of the In-Depth Tax Course has been
increased from the current two years to three. Research
conducted with students of the existing In-Depth Tax Course
indicated that the current course covered too much ground
too fast.
How does the new course affect current
students?
The existing course will be phased out over the next three
years with current students completing the course in its present
structure. For example, students who have completed our
current In-Depth Tax 1 course will continue in September 2012
with the existing In-Depth Tax 2 course.
New course starts September 2012
“Throughout this summer we will be adding new resources to
the site and providing news about our progress as we ramp up
to launch part one of the new In-Depth Tax Course this September,”
says Leung. “With the remainder of the course being
introduced gradually over the next three years, we are excited
to continue our 40 year history as the country’s leading tax
education course.”
For more information about the new
In-Depth Tax Course and to register, visit CICA’s
Continuing Education Tax Courses Web
Community at cpd.cica.ca/incometax.cfm.
03 11

2012-2013
12
Fall / Winter PD Program
Below is a listing of the course titles that will be offered for the 2012-2013 Fall / Winter PD Program. Courses start in October and
the PD Catalogues will be available online in September at icam.mb.ca.
Accounting, Financial Reporting and Assurance
Accounting, Auditing and Professional Practice Update
Accounting Update for CAs in Industry
ASPE - Disclosure and Presentation
Best Practice in Practice Management
File Review Methodology
Financial Instruments for Private Enterprises and NPOs
Fraud Happens. What to do When You Suspect Fraud
IFRS – An Update
Internal Control for the Small Audit
Internal Control for CEOs/CFOs
Managing Professional Risk In Your Practice
Not-for-Profit Organizations - The New Accounting Standards
Quality Control Systems for Small Firms
Review & Compilation Engagements
Revisiting Audit Risk
The CAS Audit of Very Small Entities
Corporate Finance
Building a Financial Model
Business Valuations – Advanced
Business Valuations – Introduction
Corporate Treasury Management
Principles & Practices of Business Acquisitions
Information Technology
Advanced Word
Advanced Excel
Advanced PowerPoint
Charting With Microsoft Office – Communicate More
Effectively
Cloud Computing and Google Productivity Tools
Data Visualization and Mapping Tools for Accountants
Excel Based Dashboards
Excel Reporting – Best Practices, Tools and Techniques
Mobile Tools and Apps for Accountants
PDF Documents – What Accountants Need to Know
PDF Forms – What Accountants Need to Know
Technology for CAs: Don’t Get Left Behind
Management, Leadership & Personal Development
An Introduction to Strategy Driven Budgeting
Budgeting and Financial Management
Building a Financial Model
Building Enterprise Performance Dashboards
Conflict: Changing Viewpoints & Influencing Behaviour
Controllership
Diagnosing, Designing and Leading Change
Effective Financial Analysis for Small Businesses
Employee Motivation and Recognition
Inspiring Leadership: Engage the Power & Passion of People
It’s All About the People - Building Your Management Team for
Maximum Performance
Leadership – Generational Diversity
Liability Concerns for Accountants Who Serve on Boards
Manage your Time and Your Life
Performance Management
Planning to Achieve Competitive Advantage
Power of Employee Coaching
Practical Tips for Controllers and CFOs
Risk Management from All Angles
Ten Practical Topics for Accountants in Leadership
Thinking Beyond the Box
What Every CFO Needs To Know About Corporate
Governance
Writing for Impact and Results
Writing Proposals That Win Business
Not-for-Profit Sector
Charity Fundraising and Receipting Rules
Financial Instruments for Private Enterprises and NPOs
GST/HST Issues for the Non-Profit Sector
Not-for-Profit Organizations: The New Accounting Standards
Recent Legal Developments Affecting Registered Charities
Public Sector
PSAB 101
PSAB Government Not-For-Profit Organizations
Taxation
Advanced Tax Planning Strategies
Agriculture Tax Update
Annoying Basics of Tax
Catching Up - 5 Years of Income Tax Developments
Corporate Reorganizations
Creative Compensation & Fringe Benefits for Small Business
Estate Planning for HIgh Net Worth Individuals
Everyday Income Tax Issues for the General Practitioner
GST/HST Issues for the Non-Profit Sector
GST/HST Update
General Practitioners Need to Know
Income Tax Update
Income Tax Issues for the File Preparer
Income Tax Planning Refresher for Corporate Tax
Income Tax Planning Refresher for Personal Tax
RIP - Tax Compliance Matters
Taxation of Domestic Family Trusts - Basic
Tax Decisions with Long-Term Implications
Tax for Controllers
Tax Issues for New Clients
continued on page 13

PD Passports
on SALE now!
The Personal Passport
Offers the convenience and flexibility of 5 seminar days
(any combination of half-day, full day and two day sessions).
Member Pricing:
$850 until October 12
$950 after October 12
The Corporate Passport
Non Member Pricing:
$1,100 until October 12
$1,200 after October 12
Allows you or others in your organization 9 seminar days
(any combination of half-day, full day and two day sessions).
$2,000 until October 12
$2,200 after October 12
The Mini Passport - Only for members who are exempt
from paying fees or are paying reduced fees.
Offers the convenience and flexibility of 3 seminar days (any
combination of half-day, full day and two day sessions).
$300 until October 12
$350 after October 12
Buy early & save!
Personal and Mini Passports can be purchased through the
Member Login area at icam.mb.ca. Corporate passports must
be purchased using the Passport Application Form available at
icam.mb.ca or by calling the Institute at 204-942-8248.
PD seminars cont’d
Tax Issues in Real Estate - What You Need to Know
Taxation of Employee Benefits
US Real Estate – Personal Investments: US and Canadian
Tax Implications
Wealth Management
All About Annuities
Creating a Financial Plan
Crushing Debt
Smoke & Mirrors
On-Line Learning
Accounting Standards for Private Enterprises – A Survey of
the Standards
Auditing in the New CAS Environment
IFRS - A Survey of the Standards
Income Tax Refresher – Corporate
Income Tax Refresher – Personal
FIRM CHANGES
Craig & Ross, Chartered Accountants, registered a
part-time practising office in Steinbach.
R.G. Gamble (1970) registered the name Richard G. Gamble
Chartered Accountant Inc. for the full-time practise of public
accounting effective June 1, 2012. Consequently, the practice
name Richard G. Gamble, Chartered Accountant, was
deregistered.
The practising office of Magnus Chartered Accountants LLP
deregistered their part-time office in Steinbach.
Applications for incorporation of professional practice were
accepted for the following:
John D. Masson, Chartered Accountant Inc.
Sandra Lepard Chartered Accountant Inc.
Anthony J. Schmidt Chartered Accountant Inc.
J.D. Masson (2009) registered the name John D. Masson,
Chartered Accountant Inc. for the full-time practise of public
accounting in Brandon.
A.J. Schmidt (2007) registered the name Anthony J. Schmidt
Chartered Accountant Inc. as a part-time practice of public
accounting.
WE COVER EVERY
MOVE YOU MAKE.
Life is all about changes. In your job, in your family and in the lifestyle
you’re determined to protect. At CA Insurance Plans West, we provide
one important thing that won’t change: solid insurance coverage from
people who want the changes in your life to come easily. Whether you’re
adding to your family or going out on your own in business, we promise
to make tomorrow as secure and comfortable as today. It’s in our nature.
And in our name.
Visit caipw.ca or call 1.800.661.6430
03 13

Here and There
WITH MEMBERS
Unless otherwise noted, members are resident in Winnipeg.
ARASON, Cade A. (2000), recently
received the 2012 Annette Nagler Volunteer
Award from Ronald McDonald
House (Manitoba) for his volunteer work
with the organization.
ARKLIE, C. Hughes (1973) recently
completed a degree in Environmental
Studies and Anthropology from the
University of Winnipeg.
BARKMAN, Sidney M. (2012) formerly
with Pope & Brooks is now with the
Federal Public Service Health Care Plan
Administration Authority in Ottawa, ON.
BOLAND, Brendon D. (1999) previously
with Princess Auto Ltd. is now Vice
President, Finance and Chief Financial
Officer of Grain Insurance and Guarantee.
BROWN, Linnzi J. (2010) is now with
KPMG in Calgary, AB.
CATANESE, Tony N. (1986) has recently
been appointed the Winnipeg Office
Managing Partner of Pricewaterhouse-
Coopers.
CLARK, James A. (2006) formerly with
PKBW Group is now with Lutheran
Church–Canada.
CORTENS, David A. (1981) previously
with Novozymes Biologicals Ltd. in
Saskatoon SK, is now Chief Financial
Officer with EMW Industrial Ltd. in
Yorkton, SK.
COUTURE, C.O. (Chris) (1986; FCA
2003) has transferred with PricewaterhouseCoopers
to Toronto, ON.
DUECK, Patrick K. (2011) formerly with
Ernst & Young is now with BDO Canada
in Winkler.
14
GOODMAN, Paul R. (1981) was elected
to the Board of Directors of The Portage
la Prairie Mutual Insurance Company at
its 2011 annual meeting.
HORBATY, Frederick J. (1998) formerly
with GWL Realty Advisors Inc. is now
Vice President, Finance & Administration
with Habitat for Humanity Manitoba.
LALUK, S.Y. Lena (1993) previously with
Ernst & Young is now Senior Director,
Portfolio Reporting & Governance with
GWL Realty Advisors Inc.
LONGMUIR, Jennifer L. (2009) previously
with The Great-West Life Assurance
Company is now Senior Tax
Analyst with Schlumberger Canada
Limited in Calgary, AB.
MATCHETT, Kenneth L. (1968; FCA
1979) was recently inducted into the
Winnipeg Football Club Hall of Fame
at the Club’s annual Legacy Dinner on
June 18, 2012.
MILES, Janice M. (1980; FCA 1991) is
now Controller with Vector Construction
Ltd.
PENNER, Derek J. (2000) formerly
with Monsanto Canada Inc. is now Chief
Executive Officer with The Winning
Combination Inc.
POPE, Richard D. (1982; FCA 2007) was
recently elected by the Board of Directors
of the Winnipeg Humane Society
to serve a two year term as the Board’s
Vice Chair for 2012-14.
STERDAN, Mark A. (2010) previously
with PricewaterhouseCoopers has accepted
the role of Internal Auditor with
Standard Aero.
THIESSEN, Timothy C. (2001) formerly
of Aurcana Corporation is now Chief Financial
Officer of Foran Mining Corporation
in Vancouver, BC.
TRETIAK, Gregory D. (1981; FCA 2011)
previously with IGM Financial is now
Executive Vice President and Chief Financial
Officer of Power Corporation of
Canada in Montreal, QC.
WANAMAKER, Lori M. (1989) formerly
with the B.C. Government’s Ministry of
Public Safety and Solicitor General is
now with the Ministry of Justice in Victoria,
BC. She was also elected an FCA
of the BC Institute in November 2011.
WOWRYK, Richard A. (2012) previously
with KPMG is now Associate Manager,
Financial Reporting with Exchange
Income Corporation.
IN MEMORIAM
We record with regret the passing of:
John Vincent CORTENS
(Member 1948)
Passed Away May 16, 2012
Kenneth Raymond MANSON
(Member 1976)
Passed Away May 16, 2012
Donald Arthur Thomas MCFEE
(Member 1959)
Passed Away April 29, 2012
Stanley Roy WYLYNKO
(Member 1960)
Passed Away April 26, 2012

News
OF MEMBERS
Welcome to New Members
Admitted by Affiliation
Myles Bevan BOYCE
Christopher John CURTIS
Sasha HEBERT
Robert Radu PATRAULEA
Admitted by Examination
Brett Lindsey DAVENPORT
Johan Yannis MACCÈS
Jeffrey Thomas MATHEW
Kayla Michelle MITCHELL
Richard Andrew WOWRYK
Admitted by CA Reciprocity
Darren Keith ROTHERY
Exemption from Membership Fees
The following members (year of designation
shown in brackets) have declared
that they meet the criteria for exemption
from membership fees:
Dale Edward ANTONSEN (1989)
Harold Wayne CHIARELLA (1978)
Robert Edward COX (1972)
John Douglas DONALD (1973)
Barbara Lorraine DRAIN (1975)
Marsden Don FENWICK (1962)
Laurence GINSBERG (1970)
Gordon William GOOSSEN (1971)
Kenneth Edward GRAY (1948)
Arthur Russell HOLMES (1977)
James Gordon JAMES (1982)
Graham Frederick James LANE (1981)
Ronald Samuel MATLIN (1964)
Robert Bergman MAY (1968)
Kenneth James MONDOR (1973)
Garry Melvin PAULSON (1973)
Paul Anderson RITCHIE (1975)
Norman SILVERBERG (1959)
Robert Alexander SLATOR (1970)
Kirk William WESTLUND (1976)
Resigned in Good Standing
Please note that members who move to
another province or territory in Canada
or Bermuda, obtain membership with
that Institute of residence and do not
wish to retain Manitoba membership
are required to advise the Manitoba
Institute in order to avoid suspension or
termination of membership in Manitoba.
In most cases, members who resign
no longer reside in Manitoba and hold
membership in another provincial institute.
John Blair AMUNDSON
Member 1991
(Residing in Regina, SK)
Stephen Andrew BANNATYNE
Member 1978
(Residing in Winnipeg)
Gordon Douglas BENSON
Member 1972
(Residing in West St. Paul, MB)
Colin Dexter BROWN
Member 1997
(Residing in Vancouver, BC)
Hao (Vivian) CHEN
Member 2011
(Residing in Toronto, ON)
Glen Ray DERBACK
Member 1975
(Residing in Castle Rock, CO)
Ronald Peter FRIESEN
Member 1993
(Residing in Hague, SK)
Kenneth Joseph GRONDIN
Member 1995
(Residing in Edmonton, AB)
Hai-Ting (Julie) JEN
Member 2011
(Residing in Burnaby, BC)
Bruce John JOHANNSON
Member 1986
(Residing in Toronto, ON)
David James JOHNSTON
Member 1988
(Residing in Rocky Mountain House, AB)
Kerrin Dale KERNEY
Member 2009
(Residing in Winnipeg)
Scott Evan Grant LALUK
Member 2003
(Residing in Calgary, AB)
Donald Edward MCCREA
Member 1978
(Residing in Calgary, AB)
Joan Elizabeth NOLTING
Member 1990
(Residing in Nanaimo, BC)
Bradford Nels Dorien REFVIK
Member 1985
(Residing in Winnipeg)
Darcy Elizabeth SAMPSON
Member 2011
(Residing in Halifax, NS)
Kamaljit SINGH
Member 2011
(Residing in Toronto, ON)
Ronald Louie WELLS
Member 1977
(Residing in Devon, AB)
Carolyn Eleanor Avery WRAY
Member 1988
(Residing in Victoria, BC)
Specialty REGISTER
The following members were entered in
the Institute’s specialty register and are
entitled to use their specialist designation:
Donovan Paul Fontaine, CA•CIA
Micheal Steven Giles, CA•CIA
03 15

Congratulations to Cade Arason (above, right) who is pictured with Stacey Grocholski, Executive Director for Ronald McDonald
House (Manitoba) on receiving the 2012 Annette Nagler Volunteer Award from Ronald McDonald House (RMH) for his volunteer
work with the organization. Cade was also a recipient of the Institute’s Early Achievement Award in 2007.
Congratulations to Ken Matchett (above, left, pictured with a member of the Blue Lightning Dance Team) on being inducted
into the Winnipeg Football Club Hall of Fame at the Club’s annual Legacy Dinner on June 18, 2012 in recognition of his volunteer
work with the organization. Ken was also a recipient of the Institute’s Lifetime Achievement Award in 2006.
Photo courtesy of Dave Darichuk / Blue Bombers.
Contact Us The Institute of Chartered Accountants of Manitoba
Gary Hannaford FCA
Chief Executive Officer
ghannaford@icam.mb.ca Direct Line: 204.924.4410
Kathy Zaplitny CA
Sr. Director of Professional Services & Operations
kzaplitny@icam.mb.ca Direct Line: 204.924.4411
Kim Metcalfe CA
Director of Student Recruitment and Ethics
kmetcalfe@icam.mb.ca Direct Line: 204.924.4419
Dianne Laidler CMA
Director of Administration
dlaidler@icam.mb.ca Direct Line: 204.924.4412
Shirley Sommer CA
Registrar
ssommer@icam.mb.ca Direct Line: 204.924.4414
Tanya Beck
Manager of Communications
tbeck@icam.mb.ca Direct Line: 204.924.4416
16
Jody Bibeau
Receptionist/Clerk
jbibeau@icam.mb.ca Direct Line: 204.942.8248
Michelle Chartrand
Executive Assistant
mchartrand@icam.mb.ca Direct Line: 204.924.4418
Darlene Kochanski
Communications Assistant
dkochanski@icam.mb.ca Direct Line: 204.924.4415
Marie Kostiuk
PD Coordinator
mkostiuk@icam.mb.ca Direct Line: 204.924.4413
Kimberly Leung
Assistant Registrar & Accounting Assistant
kleung@icam.mb.ca Direct Line: 204.924.4417
Practice Advisory Services Line
204.942.8248 ext. 211
COMING
EVENTS
CA & CMA Golf Tournament
Bel Acres Golf & Country Club
Tuesday, August 28
Registration 11:30 am - 12:15 pm
Tee Time 12:30 pm
Dinner 5:30 pm
Uniform Evaluation
September 11-13
Member Recognition Dinner
Thursday, November 8, 2012
The Fairmont Winnipeg
Reception 6 pm
Dinner 6:45 pm
UFE Results Release
November 30
SUMMER HOURS
The Institute is now operating on summer
hours. Our doors are open from
8:30 am to 4:30 pm.
Regular office hours (8:30 am to 5 pm)
will resume in the fall on Tuesday,
September 4.
The office will be closed on the
following Statutory Holidays:
August 6
September 3
October 8
Folio published by:
The Institute of Chartered Accountants of Manitoba
700 - One Lombard Place, Winnipeg, MB R3B 0X3
Tel: 204 942.8248 Fax: 204 943.7119
Toll Free in MB: 1 888 942.8248
icam@icam.mb.ca www.icam.mb.ca